Market Structure and InnovationCambridge University Press, 1982 M02 26 - 241 páginas Technical advance requires resources and is motivated by the quest for profits; therefore, the rate and direction of advance is determined by the economic system. Recognition of this fact has focused attention on the performance of the market economy in the allocation of resources to technical advance, and the consequent body of research is surveyed and synthesised in this book. The theories of market structure and innovation proposed by Schumpeter, Galbraith, Arrow, Schmookler, Scherer, Mansfield, Phillips, Barzel, Kamien and Schwartz, Loury, Nelson and Winter, Grabowski, Dasgupta and Stiglitz, and others are presented in an integrated form. These theories deal with the nature of competition, the incentives to innovate and the pace of innovative activity under different market structures, and the existence of a market structure that yields the most rapid rate of innovation. In addition, the findings of seventy empirical studies dealing with various facets of the microeconomics of technical innovation are presented. The book is designed to be accessible to economists working in a variety of situations - in universities, business and government - and who are concerned with questions of technical innovation. It is also suitable for senior-level undergraduates and first year graduate students approaching the subject in a comprehensive way for the first time. |
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Contenido
Schumpeterian hypotheses | 22 |
Empirical studies of the Schumpeterian hypotheses | 49 |
The decision theoretic approach | 100 |
Summary and prospectus 216 | 214 |
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Términos y frases comunes
allocation analysis appendix assumed assumption behavior benefit ceteris paribus chemical coefficient Comanor completion concentration ratio contractual decreasing demand-pull development costs development period economies of scale effective effort efficient equation exponential exponential distribution financing firm size firm's function game theoretic hazard rate hypothesis imitation increase industry innovational rewards innovational rivalry innovative activity input inventive activity inventor Journal of Economics large firms market solution market structure measure ment monopolist monopoly power monopoly profits noncontractual number of firms number of projects oligopoly optimal introduction P₂ parameter patents perfect competition positive product or process proportionate R&D activity R&D intensity R&D spending r₁ race regression relationship research and development research intensity returns to scale rewards for innovation rival entry rival innovation rival precedence Scherer Schumpeter Schumpeterian hypotheses second-order condition socially optimal structure and innovation technical advance technical uncertainty technological opportunity tion variable zero